Feel free to PM or call me if I can help

Sellers Info-Main interest: minimizing capital gains/taxes, preserving estate for his kids-SFH free and clear, no mortgage, purchased 30 years ago for ~$150k-Currently acting as landlord, very likely doesn’t want to continue in this capacity My info:-I want to cash flow the property now -I want to purchase the home now or in the future Property info-No tenant, rent comps $2600-2800-Current comps of $290k-320kI don’t know the sellers full financial picture.

I will continue to invest in California because of the high appreciation and high rental income.I hope this helps and if you have any questions on how or where to find some deals, feel free to reach out!

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

It rents well and the regulations are friendly. the only problem is, most of the townhomes have CC&Rs which prohibit short term rentals. 

I would go with the LVP but be sure to buy extra as these seem to have a very short manufacturing run and in 5 years you may not be able to find a match for repairs. 

You may have to pass a city inspection - one of ours is every 4 years unless fails, then it’s every year; some require lead-free certificate or testing between tenants; one of ours now requires a smoke alarm report and a new certificate that tenant must sign saying they know their rights, eviction won’t happen if ypu don’t have that for court.

You can ask them about if it's possible to subdivide (long plat or short plat) and they can get you at least that far.

Conversely, rental property activities reported on Schedule E of your 1040 tax return do not present the same way.Third, all rental activities, including short-term rental (STR) activities, within a partnership tax return are reported on Form 8825.

It's free, no pay wall etc.